Cenntro Electric Stock Plunged 10% in Premarket Trading

Tiger Newspress2022-04-26

Cenntro Electric stock plunged 10% in premarket trading.

  • Cenntro Electric Group release (NASDAQ:CENN): FY GAAP EPS of -$0.09.
  • Revenue of $8.58M (+57.1% Y/Y).
  • The number of commercial vehicles sold was 918 units, an increase of 29.8% from 707 units sold in 2020.
  • Gross margin was 17.5%, up 7.1 percentage points from 10.4% in 2020.
  • Cash and equivalents were $261.1 million as of December 31, 2021, compared with $4.5 million as of December 31, 2020.
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